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He was on his way to St Petersburg with it and eventually disposed of it to the Russian Government. Without it the Russian army would never have been able ta force the passage of the Balkans and I always traced the defeat of the Turks to that poor economy of £12,000. The map was the most extraordinary thing of its kind I have ever seen.
The health of our economy and its maintenance at high levels further require that the minimum wage fixed by law should be raised to at least 75 cents an hour. If our free enterprise economy is to be strong and healthy, we must reinvigorate the forces of competition. We must assure small business the freedom and opportunity to grow and prosper.
You therefore owe him over 300 years of leisure and nearly eight educations. You are thus heavily in his debt. In other words, he has effected an enormous national economy by living so long; and you, by living only seventy-eight years, are profiting at his expense.
The title of Mun's book, England's Treasure in Foreign Trade, became a fundamental maxim in the political economy, not of England only, but of all other commercial countries.
Can any argument be conceived which is more decisive in favour of the moral economy to which even this lower world is subject, than the undeniable fact, that virtue is fortified by exercise, and pain conquered by endurance; while vice, like the bearer of the sibyl's books, extorts every hour a greater sacrifice for less enjoyment?
Miss Edgeworth says that proverbs are vulgar because they are common sense. Emerson. Perhaps there is no lesson that needs to be more watchfully and continually impressed on the young and generous heart than the difficult one of economy.
This, as will be easily seen, is at first just the reverse of vigorous exercise, and no woman should do powerful muscular work without learning at the same time to guide her body with true economy of force. It is appalling to watch the faces of women in a gymnasium, to see them using five, ten, twenty times the nervous force necessary for every exercise.
There is nothing more interesting than to trace predisposition. An indefinite, yet strong sympathy with the peasantry of the realm had been one of the characteristic sensibilities of Lord Henry at Eton. Yet a schoolboy, he had busied himself with their pastimes and the details of their cottage economy.
He constantly talked the most glorious nonsense about landscape and natural history, which it was his business to understand. Within his own limits, he talked the most cold common sense about political economy, which was no business of his at all.
Dissatisfaction with them is wholly justified. I am convinced that now as well as in the long run free and competitive prices will best serve the interests of all the people, and best meet the changing, growing needs of our economy. Accordingly, I do not intend to ask for a renewal of the present wage and price controls on April 30, 1953, when present legislation expires.
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